Federal Reserve officials are about to get further confirmation that inflation progress has stalled, supporting what appears to be a shift in tone to keep interest rates higher for longer than previously anticipated. Policymakers’ preferred inflation gauge – the personal consumption expenditures price index – probably stayed elevated in March, according to data due in … Read more
Gold prices steadied on Wednesday, after posting its biggest decline in a month in the previous session after a sticky U.S. inflation report boosted bond yields and slightly tempered hopes for a June interest rate cut from the Federal Reserve. FUNDAMENTALS * Spot gold edged 0.1% up to $2,158.26 per ounce, as of 0151 GMT. … Read more
In economic forecasts published alongside the last Fed decision, policymakers indicated that they expect as many as three quarter percentage-point rate cuts this year – although they did not indicate when they might begin. Grocery items at a supermarket in Chicago, Illinois. The Fed’s favoured measure of inflation has dipped below 3 per cent. Photo: … Read more
